
With a busy summer travel season expected and consumers burdened by persistent inflation, the personal-finance website WalletHub today released its Best Hotel Rewards Program Study to help travelers maximize their savings.
WalletHub’s study ranks the 10 largest U.S. hotel chains’ rewards programs based on 21 key metrics, including the average value of a point, point expiration policies, and the volatility of award-night pricing. WalletHub’s study also includes a handy calculator that allows travelers to customize the results based on their specific spending habits.
- Radisson Takes the Top Spot. Radisson Rewards Americas is the best hotel loyalty program for travelers of all spending levels in 2023, earning an average WalletHub Rating of 73 out of 100.
- Members Save an Average of 12%. The five best hotel rewards programs save their members an average of 12%.
- Award Nights at any Property: 8 of the top 10 hotel rewards programs allow members to redeem points for award nights at all brands/properties (Marriott Bonvoy and Choice Privileges are the exceptions).
- Rewards That Never Expire Are Rare. Best Western is the only major hotel chain whose points do not expire due to account inactivity.
- Best Hotel Credit Card of 2023. The World of Hyatt Credit Card is 2023’s best hotel credit card, according to WalletHub’s editors. It stands out because it can save the average person roughly $1,400 over the course of two years.
Q&A with WalletHub
Is it worth joining a hotel rewards program?
“Hotel rewards programs are free to join, and members save an average of $12 for every $100 spent, so it’s definitely worth signing up for your favorite hotels’ loyalty programs and using your account to book stays whenever you travel,” said Jill Gonzalez, WalletHub analyst. “In addition to saving money, loyalty program members benefit from perks such as early check-in, late check-out, free room upgrades, and special access to amenities such as health clubs and spas.”
What is the best hotel rewards program in 2023?
“The best hotel rewards program this year is Radisson Rewards Americas, which might surprise some people. Radisson Rewards Americas actually tops WalletHub’s list of the best hotel rewards programs for travelers of all spending levels, earning an average WalletHub Rating of 73 out of 100 due to its high rewards earning rates and consumer-friendly rewards program rules,” said Jill Gonzalez, WalletHub analyst. “The next best options after Radisson are Wyndham Rewards and World of Hyatt.”
What are other ways for people to save on hotel stays?
“One of the best ways to save on hotel reservations is to apply for the right credit card. The best hotel credit cards offer hundreds of dollars in initial bonuses, which could pay for your entire stay, in addition to rewards on every purchase and hotel-specific perks,” said Jill Gonzalez, WalletHub analyst. “Comparison shopping for the lowest room rate is another great way to save, but major hotel loyalty programs do not allow you to use your member number when booking through third-party travel websites, so you won’t get member benefits for your stay.”
Do hotel points expire?
“Points from nearly all major hotel rewards programs can expire if you do not earn or redeem any points for a certain period of time – usually 24 months – according to a new WalletHub study. Best Western is the only major hotel chain whose points are guaranteed not to expire due to inactivity,” said Jill Gonzalez, WalletHub analyst. “The fact that most hotel points can expire underscores the importance of redeeming regularly rather than stockpiling points for a far-off vacation.”
For the full study, including the custom calculator, visit: https://wallethub.com/edu/best-hotel-rewards-program/25939/
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